国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Business / Companies

Aokang anti-dumping win 'positive precedent'

By YU RAN in Shanghai (China Daily) Updated: 2012-11-19 23:50

By winning a lawsuit on Sunday against the European Union's anti-dumping duties after a six-year battle, Chinese shoemaking giant Aokang Group Co Ltd has encouraged more domestic manufacturers to challenge such unfair policies, experts said.

The European Court of Justice made the final ruling that the European Commission needs to pay all of Aokang's litigation expenses and refund the paid anti-dumping duties to Aokang's trading importers, which are estimated to total around 5 million yuan ($802,000).

As the first Chinese shoemaker to begin proceedings in the EU court in 2006, Aokang overcame a loss in a lower EU court in 2010 to receive the news it had hoped for from the European Court of Justice in the subsequent appeal.

"Aokang was the only company among five enterprises that insisted on lodging the second appeal after losing the case in April 2010, and finally won the case with difficulty," said Wang Hailong, spokesman for Aokang Group, a Wenzhou-based shoemaker that has strategic cooperation partners in Europe, including Geox and Valleverde.

Wang added that the ruling will benefit other trading companies that had been affected by the anti-dumping duty policies.

Trade protectionism in the name of "anti-dumping" had already affected Chinese leather shoemakers, whose exports to Europe rapidly decreased since 2006 when the EU began levying punitive tariffs of 16.5 percent on Chinese footwear for two years. The levies were later extended through March 2011.

Before the EU imposed the anti-dumping measures, China's leather-shoe exports to Europe had expanded at an average annual growth rate of 20 percent, which ended with the imposition of the duties.

Statistics from the Ministry of Commerce showed that the EU's punitive action has made 20,000 people jobless and reduced China's footwear exports by 20 percent from 2006 to 2010.

For other shoe manufacturers, the case of Aokang has brought confidence and courage to tackle similar unfair policies.

"We've never thought of appealing to the EU over the anti-dumping duties that severely affected our businesses in Europe, but transferring the focus to other countries," said Pan Jianzhong, chairman of Wenzhou Juyi Group Co Ltd, a shoe manufacturer.

Pan added that Aokang's case has encouraged local trading manufacturers to fight for their own rights under the law, which finally will bring them justice.

In addition, it is also a good sign for local associations that had witnessed hundreds of enterprises squeezing profits as a result of the duties before 2011.

"Although not many enterprises have enough money, as Aokang does, to appeal twice over such a long time, we still encourage smaller companies facing similar unfair policies to file lawsuits as a group to minimize the expenses and shorten the preparation period," said Xie Rongfang, secretary-general of the Wenzhou Shoe and Leather Industry Association.

Lawyers suggested that the case of Aokang's challenge in the European Court of Justice is an excellent precedent for other manufactures dealing with cases against foreign issuers.

"The anti-dumping duty policy issued by the European Commission was a kind of self-protective measure to ensure the benefits of their domestic suppliers, which was unfair to Chinese manufacturers for years," said Li Jiangang, a foreign case lawyer Yingke Law Firm Shanghai Office.

Hot Topics

Editor's Picks
...
康定县| 南澳县| 石首市| 怀化市| 广饶县| 临安市| 沙河市| 莎车县| 新丰县| 兴化市| 阿坝| 南宁市| 新建县| 容城县| 蓬安县| 莒南县| 长阳| 株洲县| 石景山区| 车险| 富顺县| 瓦房店市| 若羌县| 光泽县| 兴海县| 吉林市| 新兴县| 连南| 万年县| 大荔县| 通化县| 阳西县| 融水| 呼玛县| 绵阳市| 策勒县| 克什克腾旗| 深州市| 永春县| 湘潭市| 那曲县|